Cisco Systems Buying Scientific-Atlanta

Summary

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SAN JOSE, Calif. -- Betting that video will drive the future of networking, Cisco Systems Inc. agreed Friday to buy the cable television technology company Scientific-Atlanta Inc. in a $6.9 billion deal that would create a one-stop shop for sending TV over the Internet.

The acquisition is expected to help fuel the revolution in how TV is distributed and watched -- a change that's accelerating as telephone companies barge into the domain of cable operators and begin offering programming over fiber-optic networks using the language of the Internet.

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Cisco Systems Buying Scientific-Atlanta

It also fits Cisco's strategy of moving into areas that are converging on the Internet Protocol sta...

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